Danga Bay, China’s MCC Singapore in RM8b Skudai property venture

Datuk Mohd Noorazam Osman, director of Iskandar Waterfront Holding (seated) at the virtual signing ceremony with Tan Zhiyong, MMC Land chief executive officer and Zhu Jianguo, general manager of CRIBC and chairman of MCC Singapore.

KUALA LUMPUR: Danga Heights Development (DHD) and MCC Singapore have teamed up to to co-develop 60ha of prime commercial land in Skudai, Johor Bahru.

In a joint statement on Monday, they said the land was to be developed over the next 10 years with a gross development value of RM8bil.